13. LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

		Year Ended December 31,
(in thousands)		2021		2020		2019
Operating lease expense	$	513	$	464	$	464
Finance lease expense:
Amortization of leased assets		30		26		15
Interest on lease liabilities		3		3		6
Total finance lease expense		33		29		21
Total lease expense	$	546	$	493	$	485

Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

		Year Ended December 31,
(in thousands)		2021		2020		2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	762	$	656	$	642
Operating cash flows from finance leases		3		3		6
Financing cash flows from finance leases		28		29		20
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	5,322	$	-	$	1,638

Cash Flow Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

		December 31,
(in thousands)		2021		2020
Operating leases
Operating lease right-of-use assets	$	5,577	$	946
Current portion of operating lease liability		849		676
Operating lease liability, net of current portion		4,983		774
Total operating lease liabilities	$	5,832	$	1,450
Finance leases
Property and equipment, at cost	$	112	$	112
Accumulated depreciation		(56)		(28)
Property and equipment, net	$	56	$	84
Current portion of finance lease obligations	$	21	$	31
Finance lease obligations, net of current portion		26		44
Total finance lease liabilities	$	47	$	75
Weighted Average Remaining Lease Term
Operating leases		9.5 years		2.3 years
Finance leases		1.2 years		2.0 years
Weighted Average Discount Rate
Operating leases		2.5%		6.0%
Finance leases		6.3%		6.3%

Maturities of Lease Liabilities

As of December 31, 2021, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2022	$	899	$	28
2023		535		21
2024		551		-
2025		567		-
Thereafter		4,069		-
Total minimum lease payments		6,621		49
Less: amount representing interest		(789)		(2)
Present value of lease liabilities	$	5,832	$	47